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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Birse Grp. | LSE:BIE | London | Ordinary Share | GB0001005684 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 14.40 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:7199C Birse Group PLC 21 October 2002 Date: 21 October 2002 Birse Group plc Birse Group plc ("Birse") notes the announcement made today by Leicester City Plc that it is petitioning the High Court to be placed into administration. Birse has recently finalised the construction of a new stadium for Leicester City Plc and as a result of Leicester City Plc's announcement, Birse expects to incur a bad debt in the region of #5.5 million which will be reported as an exceptional operating charge in its interim results to 31 October 2002. In July 2002, Birse reported a strong turnaround in profitability and cash resources as against the previous year. Despite today's announcement, Birse's main markets are expected to remain steady and the group, therefore, expects to continue to make progress in its underlying performance. Martin Budden, Birse Group plc's Group Managing Director, commented, "This decision by Leicester City plc is regrettable, however, Birse is in a stronger position than in previous years, due to the actions undertaken by management and we continue to make progress with our underlying businesses." - ENDS - Contact: Martin Budden, Group Managing Director Tel no: 01652 633222 Birse Group plc Jon Simmons Tel no: 020 7831 3113 Financial Dynamics This information is provided by RNS The company news service from the London Stock Exchange END MSCGIBDGSDDGGDB
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